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Mortgage Partnership is back in business

Merseyside-based The Mortgage Partnership has resumed trading after being shut down last year by mortgage design and distribution company Private Label.

TMP had opened for business in 1997, catering specifically for the mortgage broker market in the North.

The operation had reached over £70m a year in mortgage applications by the time it was taken over by Private Label last March.

But within seven months TMP had been closed down and its staff made redundant as part of a restructuring of Private Label.

TMP says it decided to re-open the company following a barrage of calls from mortgage brokers asking it to return to the market.

It is offering its services free to mortgage brokers and has secured three exclusive deals with Bristol & West, Birmingham Midshires and The Mortgage Business.

TMP says it hopes, with the support it has received, to return to its previous level of business within six months.

Director John Mawdsley says: “We are looking for-ward to renewing all our old alliances with Northern brokers. The relationship with Private Label is now water under the bridge.”

Future Mortgages head of marketing Michael Bolton says: “We hope that TMP gets back to its position as one of the premier packagers in the UK after a highly unfortunate 11 months.”

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